US Government to Hold Bitcoin on Its Balance Sheet in 6 Months : Predicts Mike Novogratz
The price of Bitcoin For the week that remains flat during the week, hovering around $97,650 after reaching a peak of $109,000. This happened after two weekends of high volatility, after a major liquidation incident, the trader stopped to reevaluate his position. Jake O. from Wintermute OTC noted that the slowdown reflects a closer range of transactions and a lack of fresh encryption-specific narratives. With rumors rising about Bitcoin’s addition to the U.S. balance sheet, the market is awaiting many events this year for many public crypto companies. Let’s look at what analysts think about these rising claims.
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Novogratz predicts a wave of cryptocurrency list
In a downward trend, CEO of Galaxy Digital Mike Novogratz
Mike Novogratz Michael Novogratz is a businessman and Bitcoin blockchain technology, an investor. He is CEO of Galaxy Investment Partners and cryptocurrency investment firms. Originally booked to start his Galaxy Digital Resources Fund on December 15, 2017, and retired from the plan because he didn’t like market conditions. He said 20% of his net worth is in Bitcoin and Ethereum. From 2016 to 2017, he made $250 million from cryptocurrency. Galaxy Digital Holding Ltd. is one of the few cryptocurrency companies that need to publish financial results. In the first nine months of 2018, the organization lost $136 million in digital currency exchange. In 2017, it contributed $80 million to technology company Bitfury. In September 2017, he was listed as #317 in Forbes 400 with a net worth of $1.5 billion. He ranked 962 on the Forbes World Billionaire List in March 2008 with a net worth of $1002 billion. That same year, he became a member of Kappa Beta Phi, a secret Wall Street association composed of wealthy financial directors. He may capture awareness of crypto and blockchain and work with global controllers to drive crypto treatment for most people. He said his new year goal for 2022 is “to clear cryptocurrency for Congress’ evolving government.” investorCEOBoard Members I’ve shared some interesting points on recent views recently Ondo Summit. He predicts that by May or June, several companies will be available for listing due to the new SEC environment. Galaxy Digital itself has been waiting for 4.5 years to list, highlighting a potential wave of crypto-related companies that are about to strike the New York Stock Exchange or Nasdaq stocks.
This year is different under Trump, with the U.S. economy and low lending rates creating a bullish path for public listings. Last month, Chris Taylor, vice president of listings for the New York Stock Exchange, predict The boom of IPOs is citing increased interest among cryptocurrency companies. Taylor expressed hope for regulatory improvements under the new SEC leadership that further simplifies the IPO process for innovative blockchain businesses.
High-profile crypto party signals are bullish sentiment
Keep moving forward, Novogratz also predicts that Bitcoin may appear on the U.S. government’s balance sheet within six months, cementing its role as a store of value. He even mentioned having lunch with the head of one of the largest sovereign wealth funds, who is preparing to invest $500 million in post-election Bitcoin, a sign that the interests of the institutions are growing.
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Solve the crypto bubble debate
Founder of Pantera Capital and Morehead
and Morehead Dan Morehead founded Pantera Capital in 2003 as a comprehensive hedging investment worldwide, and 10 years later, in 2013, the company began to invest resources in blockchain and digital currencies, experiencing an absolute brand. Reshape. Today, Pantera Capital has become one of the most eye-catching blockchain trading companies in the United States and one of the largest institutional owners of advanced resources. In addition to providing some crypto-centric reserves, Pantera’s Venture Investments division has invested resources in over 50 blockchain organizations, including Bitstamp, Ripple, Bakkt, Xapo, Bitgo, Bitgo and Shapeshift. Supervisor and currency consultant. Prior to launching the organization, he maintained different management and leadership positions with Banker Trust, Deutsche Bank and Goldman Sachs. He graduated from Princeton University in 1987 from Structural Design. Details: Organization: Pantera Capital Location: US Education: BSE, Princeton University Civil Engineering Skills: Hedge Funds and Fixed Income Experience Beginning in 2003 – Member of the Bitpesa Board of Directors from February 2014 to February 2015 – 2014 to 2018 2018 BitStamp Chairman, Co-founder and CEO of 2018 Atriax from 2000-2002 to 2002, Chief Financial Officer and Chief Financial Officer and Head of Macro Transactions at Tiger Management, 1996 to 2000 entrepreneurconsultantCEOBoard MembersPresident A speech was also made on the panel to address concerns about the potential crypto bubble. He argued that it was too early to call it a bubble when it was held by the institution Blockchain Keep it minimal. Morehead notes that even if a small portion of the $500 trillion of global assets enters cryptocurrency, the market can see a significant increase. He hopes the shift will begin this year, starting based on a warm-up discussion with institutions for crypto investment.
Novogratz acknowledged the possibility of reducing Bitcoin to $80,000, but believed it was a buying opportunity, not a sign of weakness. According to him, such volatility will not undermine the long-term potential of the cryptocurrency space.
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